An influential MEP who belongs to the European Parliament’s biggest political party, the centre-right EPP group, has signalled strong opposition to a legislative proposal on the backloading of EU carbon allowances.
During a debate on Monday afternoon, Finnish MEP Eija-Riitta Korhola told her colleagues in the parliament's environment committee that the EU's emissions trading system (ETS) "should be left to work as intended".
The European Commission has proposed to delay auctions of 900 million carbon allowances, known as EUAs, in order to boost prices. However, it wants the parliament to first confirm that it has the legal power to do so.
Please enter your details
Not a subscriber?
Take a free trial now to discover the critical insights and updates our coverage offers subscribers.